Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
2017 Q1 eDiscovery Critical Trends Survey
made possible by
Corporate
83%
48%
84%
68%
17%
52%
16%
32%
other
Tech
Process
People
Top Corporate Legal Pain Points
How do you intend to solve your top pain points?
Rank your top eDiscovery, Data or Information Governance pain points for 2017.
Insource Outsource
31%
Inadequate Tools and
Technology
42%
Rise of Cloud Repositories
( i.e. Office 365)
53%
Variety of Data Sources
31%
Lack of Clear and Articulable
Strategy
31%
Institutional Resistance to
Change
31%
Volume of Data Growth
Percentages add up to more than 100% because respondents were asked to choose more than one answer.
made possible by
Corporate Q1 eDiscovery Critical Trends Survey
The majority of “other” responses highlighted either a hybrid insource/outsource approach, or they were evaluating their options.
AI, Data Analytics and Advanced Technology
In the next 6 - 12 months would you like your usage of AI and advanced analytics to:
How often are you using AI, data analytics and advanced technology on your legal matters?
3% of respondents lacked the metrics to answer
Decrease
Increase Stay the Same
20%77%
0%
Other (please specify):
Need to evaluate each matter on a case-by-case basis.
3%
made possible by
Corporate Q1 eDiscovery Critical Trends Survey
11%
25%
22%
11%
17%
0% – 10%
10% – 25%
25% – 50%
50% – 75%
75% – 100%
% o
f M
atte
rs
Top 2 obstacles / barriers to adoption of AI, data analytics, and advanced technology:
Internal Resources Gap – outcome
Unclear value proposition– outcome
46% 43%
4
Top Ranked Corporate Legal Investment Priorities For 2017
31%
23%
40%
31%34%
Percentages add up to more than 100% because respondents were asked to choose more than one answer.
Project
Management
Workflow
Technology
Knowledge
ManagementReview
Technology
(i.e. Relativity)
Legal HoldMatter
Management
The following options were
not priorities for respondents:
8.5%AI, machine learning, cognitive computing software/ solution (Ross)
3%Expert Systems(Neota Logic, Kira)
3%Production Software
made possible by
Corporate Q1 eDiscovery Critical Trends Survey
5
Corporate Legal Workload
Improve internal productivity and efficiency40%
Outsource workload to vendor
30%
10%Add to staff
6.7%Outsource workload
to outside counsel
6.7%
Other (please specify)
“All of the above”
“Buckle down and do the work”
3.3%
Add consultants
3.3%
Invest in Tools & Technology
Decrease Increase Stay the Same
If your workload will increase, how will you respond?In the next 6 months, do you anticipate your eDiscovery/Litigation Support workload will:
30.5%66.7%
2.8%
made possible by
Corporate Q1 eDiscovery Critical Trends Survey
David CowenPresident
The Cowen Group
c 212.661.0025
Jennifer SchwartzSenior Vice President
Cowen Group Staffing
c 773.398.8277
Let’s Connect
made possible by
Corporate Q1 eDiscovery Critical Trends Survey
2017 Q1 eDiscovery Critical Trends Survey
Law Firm
78%
45%
78%
84%
22%
55%
22%
16%
other
Tech
Process
People
Top Law Firm Pain Points
How do you intend to solve your top pain points?
Rank your top eDiscovery, Data or Information Governance pain points for 2017.
Insource Outsource
Percentages add up to more than 100% because respondents were asked to choose more than one answer.
Law Firm Q1 eDiscovery Critical Trends Survey
46%
Variety of Data Sources
39%
Volume of Data Growth
41%
Institutional Resistance to
Change
25%
Cost Reduction / Predictability
The majority of “other” responses highlighted either better education or a hybrid in/outsource approach.
23%
16%
19%
22%
14%
AI, Data Analytics and Advanced Technology
In the next 6 - 12 months would you like your usage of AI and advanced analytics to:
How often are you using AI, data analytics and advanced technology on your legal matters?
0% – 10%
10% – 25%
25% – 50%
50% – 75%
75% – 100%
% o
f M
atte
rs
3% of respondents lacked the metrics to answer
Decrease
Increase Stay the Same
7%91%
0%
Other (please specify):
Would depend on the specific nature and requirements of the matter.
2%
Law Firm Q1 eDiscovery Critical Trends Survey
Top 2 obstacles / barriers to adoption of AI, data analytics, and advanced technology:
Workflow gap - Unclear how to utilize/deploy technology solution
Unclear value proposition– outcome
50% 44%
10
Top Ranked Law Firm Investment Priorities For 2017
33%
29%
42%
36%
41%
Percentages add up to more than 100% because respondents were asked to choose more than one answer.
Review
Technology
(i.e. Relativity)
Project
Management
Workflow
Technology
Predictive
Analytics Matter
Management Knowledge
Management
The following options were
not priorities for respondents:
9% Legal Hold
5% eBilling
3%Other:Project Management
Law Firm Q1 eDiscovery Critical Trends Survey
11
Law Firm Workload
Improve internal productivity and efficiency33%
Outsource workload to vendor
24%
21%Add to staff
9%Invest in Tools &
Technology
9%
Other (please specify)
“Overtime”
“Manage more efficiently”
“Internal staffing and Outsourcing”
3%
Outsource workload to outside counsel
2%
Add consultants
Decrease Increase Stay the Same
If your workload will increase, how will you respond?In the next 6 months, do you anticipate your eDiscovery/Litigation Support workload will:
19%78%
2%
Law Firm Q1 eDiscovery Critical Trends Survey
Law Firm Full Time Employees
12
25% 25%
20%
17%
5%
0%
8%
1--5 6--10 11--20 21--30 31--40 41--50 <50
In the next 6 months, will the sizeof your group or department:
How many full-time employees currently work in your litigation support/eDiscovery group or department
Decrease
I n c r e a s e Stay the Same
58%38%
3%
F u l l T i m e E m p l o y e e s
Law Firm Q1 eDiscovery Critical Trends Survey
13
What new service do you most want or need from vendor/strategic?
0
• Overflow project management and technical support
• Liaison to translate legal to technical and technical to legal
• Flexible support
• Efficient technology and expertise
• Top notch project managers/consultants and partners
• More subject matter expertise and consulting
• Project management
• More pro-active suggestions and workflows
• Documented standardized processes
• Matter management dashboards
• Streamlining the review and production of mobile data
• Easier implementation roadmap
• Reduce cycle time to onboard advanced technology
• Better TAR for alternative data sources (e.g. chats, audio)
• Audio File handling
• Better AI (6 responses)
• Simple social media collection application that gives you output that is actually useful.
• Easier to use and better performing review tools
• Remote collection
• Easier processing of mobile devices into review
• Post document review and transcript management
• Better translation tools
• Complete SaaS support for small matters in secure environment
• More flexible predictive coding options that integrate into existing tools
• Collect-and-cull tools that don't require processing data prior to culling (and hopefully collection)
• Tool to permit confidential matter dashboard for clients
• Better and easier to use technology assisted review tool
• Advanced analytics in BI tools
• More user-friendly analytic/AI tools
• Better integration with products like CaseMap/Textmap
• Cybersecurity protection
• More flexible, a la carte service offerings
• Zero downtime on hosted databases
• Better ‘best practice’ guidance
• Affordable Relativity managed services environment that fits with our firm culture and into the budget
• Repeatable workflows and full use of analytics at lower and predictable costs to encourage increased use of tools
• Real time budgeting
• Sell being smart not commodities
• Automated SOW and more consistent pricing and billing strategies
• Better pricing
Law Firm Q1 eDiscovery Critical Trends Survey
David CowenPresident
The Cowen Group
c 212.661.0025
Jennifer SchwartzSenior Vice President
Cowen Group Staffing
c 773.398.8277
Let’s Connect
Law Firm Q1 eDiscovery Critical Trends Survey